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Business - Page 73

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Business·Top Stories

GTCO, Wema Bank… Five Best-Performing Bank Stocks

At the end of the first quarter (Q1) of 2025, the market valuation of Nigerian banks appreciated by 6.24 percent, according to analysis by Prime Business Africa. The publication gathered that the market valuation increased to N11.22 trillion from N10.56 trillion between

April 29, 2025

Business·Top Stories

FCMB’s profit plunges by 21% after paying N17.67bn windfall tax

In 2024, First City Monument Bank (FCMB) grew its gross revenue to N794.43 billion, 53.85 percent higher than the N516.35 billion generated in 2023. FCMB, in its financial statements for the period ended December 31, 2024, also reported 75.15 per cent growth

April 29, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 29th April 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, also known as black market, as of 29th April 2025, is N1,610

April 29, 2025

Business·Top Stories

Over N228bn Added To Stock Market Cap, International Breweries Leads Gainers

After trading hours on Monday, April 28, the Nigerian stock market capitalisation increased marginally by 0.34 percent or N228.48 billion to N66.69 trillion, from N66.46 trillion on Friday, April 25. The all-share index (ASI) appreciated slightly from 106,074.26 ASI to 106,116.18 index.

April 28, 2025

Business·Top Stories

Regency Alliance Posts N7.26bn Revenue, Profit Drops By 60%

Regency Alliance’s insurance revenue for the period ended December 31, 2024, recorded a double-digit growth, rising from N6.08 billion in 2023 to N7.26 billion. According to the unaudited financial statement for the reviewed period, the 19.47 per cent increase in turnover was

April 28, 2025

Business·Top Stories

Access Holdings, Sterling Among Five Worst-Performing Bank Stocks

Out of 13 banks listed on the Nigerian stock market, three recorded a decline in their shareholders’ investment value, while 10 recorded growth in the first quarter (Q1) of 2025. During the period in review, the banking index increased by 6.67 per

April 28, 2025

Business

UBA’s Total Dividend Payout To Shareholders Rises By 79% In 2024

The United Bank for Africa (UBA) has paid out a total of N171 billion as dividends to its shareholders for the fiscal year 2024, reflecting a 79 per cent increase from the N95.8 billion paid in 2023. According to the bank’s 2024

April 28, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 28th April 2025

April 28, 2025

Business·News

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun the payment of ₦46.6 billion as liquidation dividends to defunct Heritage Bank depositors who had funds more than the insured limit of ₦5 million. According to a statement signed by the NDIC Acting Head

April 27, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th April 2025

April 27, 2025

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Business - Page 73

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

GTCO, Wema Bank… Five Best-Performing Bank Stocks

FCMB’s profit plunges by 21% after paying N17.67bn windfall tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 29th April 2025

Over N228bn Added To Stock Market Cap, International Breweries Leads Gainers

Regency Alliance Posts N7.26bn Revenue, Profit Drops By 60%

Access Holdings, Sterling Among Five Worst-Performing Bank Stocks

UBA’s Total Dividend Payout To Shareholders Rises By 79% In 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 28th April 2025

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th April 2025

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